The market regulator, the Securities and Exchange Board of India (SEBI), is likely to take up two proposals to overhaul the Mutual Funds Regulations, 1996, and the Stock Broker Regulations, 1992, at its meeting on December 17.

“Effort is to remove old and redundant regulations and make them more relevant to facilitate ease of doing business,” sources aware of developments said. Proposals are based on the consultation paper released earlier. Final proposals are being prepared based on the comments received.

Sharper TER framework

In October, the regulator issued a consultation paper proposing an overhaul of mutual fund rules, including a clearer definition of the Total Expense Ratio (TER) and revised limits on brokerage charges. As part of the proposed framework, SEBI plans to remove the

See Full Page